Tesla just laid off 150 recruitment workers as part of its broader cost cutting

Elon Musk, CEO of Tesla, which has announced several cost-cutting moves recently.
Lucy Nicholson / Reuters

Tesla laid off 150 people from its recruiting team, Electrek reported Tuesday.

The layoffs amounted to about one-third of the team, according to the report,.

The move is latest in a series of steps Tesla has taken to shore up its finances.

Tesla on Tuesday laid off about 150 people from its recruiting team, amounting to about one third of the staff in the operation, according to Electrek.

Those affected by the move were informed Tuesday and will be getting severance from the company, Electrek reported. Tesla decided to fire the employees in an effort to cut costs, according to the report.